Tag: CAGR

For 8% GDP growth, manufacturing needs to grow at 12-14%: Niti Aayog

India’s manufacturing sector needs to grow at 12-14 per cent for the country’s overall growth rate to touch 8 per cent, NITI Aayog member V K Saraswat said on June 1. Speaking at a seminar on modernisation of Indian Navy, the former DRDO chief said the country’s current share of…

SME sector will make a stronger comeback in 2018: Capital First

Capital First’s fourth quarter earnings were slightly ahead of estimates on back of strong balance sheet growth. Asset quality remained stable. The year-on-year (YoY) asset under management (AUM) growth for the quarter stood at 24 per cent. Retail AUM was up 33.4 per cent YoY. The Q4FY17 Yo…

Juice start-up MyGreens secures angel funding via letsventure

Delhi-NCR-based cold pressed juice startup, MyGreens has secured upto $1 Mn in its angel round of funding via LetsVenture. The round was led by Ajay Relan, Founder and Chairman, CX Partners. Other investors in the round included Sundeep Bhandari, Director & CEO, Petrodil, and other undisclose…

Services need to gear up for Industrial Revolution 4.0: Nirmala Sitharaman

Greater Noida: India’s services sector must gear up to take advantage of Industrial Revolution 4.0, which will create huge opportunities in high-tech manufacturing, Commerce Minister Nirmala Sitharaman said. Emphasising on the growing importance of services sector, she said India has also r…

Haryana govt to offer incentives for new textile units

The government of Haryana has prepared Textile Policy 2017, which will be  providing incentives for setting up of new textile units. The policy proposes capital subsidy of 10 per cent for the eligible new projects of all textile enterprises across the state. Industrial plots would be made availab…

Healthcare Industry likely to touch $280 bn by 2020 | Anupriya Patel

Minister of State, Ministry of Health & Family Welfare, Anupriya Patel on March 29 forecast that the size of healthcare industry would be scaling up at US$280 billion by 2020 from current estimated level of about US$100 billion with new National Health Policy being in place which incentivizes…

Marketing automation start-up Wigzo raises funds for expansion

Bengaluru: Marketing automation platform Wigzo has raised an undisclosed amount of funding in a bridge round that was led by existing investor 3one4 Capital. The round also saw the participation from Aarin Capital, Advantedge Partners and a bunch of angel investors, including Arjun Sharma of Sele…